All About Oakey Park, Lithgow, NSW, 2790

Oakey Park in Lithgow, NSW, offers a unique blend of small-town charm and natural beauty, making it an increasingly appealing destination for homebuyers. The housing market in Oakey Park has seen steady interest, primarily due to its affordability compared to larger cities and its picturesque setting surrounded by lush greenery and mountains. The area is characterized by a variety of property types, from classic weatherboard homes to newer, more contemporary builds, providing options for different tastes and budgets. While the pace of the market isn't as frenetic as metropolitan areas, there is a growing demand driven by those seeking a quieter lifestyle without completely forgoing convenience and community amenities.

Living in Oakey Park is ideal for those who appreciate a tranquil environment with the benefits of a close-knit community. Residents enjoy access to local parks, and the scenic surroundings provide excellent opportunities for outdoor activities like bushwalking and exploring the nearby Blue Mountains. Despite its serene setting, Oakey Park is conveniently located near the heart of Lithgow, granting easy access to shops, schools, and transport links to Sydney, making it suitable for both families and retirees. Community events and local markets add to the charm, fostering a sense of belonging among residents. Overall, Oakey Park offers a peaceful lifestyle with the essential comforts and conveniences within reach.

Oakey Park Real Estate Market Outlook

Thinking about buying in Oakey Park? Now could not be a better time, with just 218 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $388,000 with prices in this suburb ranging from $173,000 to $1,041,000. The aproximate distance to the coast is 93 Km.

In Oakey Park there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Oakey Park is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Oakey Park changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Oakey Park we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Oakey Park a better buying opportunity than it may have been in the past.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!